Govt seals Octane deal at Tk 208cr

The government has approved a proposal to import 25,000 tonnes of Gasoline 95 Unleaded (Octane) in the current month of June. The octane will be imported from Indonesia at a cost of Tk 208.63 crore (2.08 billion).

The government has approved a proposal to import 25,000 tonnes of Gasoline 95 Unleaded (Octane) in the current month of June. The octane will be imported from Indonesia at a cost of Tk 208.63 crore (2.08 billion).

The approval came during the 24th meeting of the Cabinet Committee on Government Purchase held on Wednesday (June 25) at the Secretariat. The meeting was chaired by Economic Advisor Dr. Salehuddin Ahmed.

Prices have dropped compared to what they were before the war began. After retendering, we managed to secure prices $5–$10 lower per barrel, saving around Tk 70–80 crore. This is a credit to the Energy Ministry. The price of fertilizers from Morocco and Tunisia has increased slightly, but there was no alternative in that case.”

It is known that based on a proposal from the Energy and Mineral Resources Division, the government approved the plan to import 25,000 tonnes of Gasoline 95 Unleaded (Octane) in June 2025.

The octane will be imported from Indonesia’s PT Bumi Siak Pusako Japen (BSP) at a cost of Tk 208.63 crore. The premium price per barrel is set at USD 5.93, and the reference price is USD 73.610.

In addition, based on another proposal from the Energy and Mineral Resources Division, the government has approved the procurement of refined fuel under government-to-government (G2G) long-term agreements from various state-owned entities for the July–December 2025 period. The procurement will follow the premium and reference price rates set for that period.

This refined fuel import is expected to cost Tk 10,006.63 crore.

Approved bidders: Seven entities — PTTT (Thailand), ENOC (UAE), PetroChina and Unipec (China), BSP (Indonesia), PTLCL (Malaysia), and IOCL (India).